Economic news

Airbus cancels third A350 as Qatar dispute tops $1 billion – sources

2022.04.04 19:16

2/2
Airbus cancels third A350 as Qatar dispute tops $1 billion - sources
FILE PHOTO: A Qatar Airways Airbus A350 XWB aircraft is displayed at the Singapore Airshow at Changi Exhibition Center February 18, 2016. REUTERS/Edgar Su/File Photo

2/2

PARIS (Reuters) -Airbus has revoked the contract for a third A350 ordered by Qatar Airways after the Gulf carrier rejected delivery in an ongoing dispute over damage to the surface of the long-haul jets, two people familiar with the matter said.

The number of A350s grounded by the airline in the dispute over exposed and damaged lightning protection has reached 23, bringing the value of compensation sought by the carrier to slightly over $1 billion, they said.

Neither company had any immediate comment.

The two sides have wrangled for more than a year over accelerated surface damage that the airline says raises questions over the safety of the planes, with Qatar’s regulator grounding jets as the problem appears.

Airbus, backed by its own regulator, has denied any safety problems and responded to Qatar’s refusal to take any more A350s until the problem is resolved by revoking deals for undelivered A350s, one by one, and axing a separate contract for A321neos.

Qatar will on Thursday ask a UK judge to extend a temporary order freezing the decision to cancel the A321neo order pending a final hearing on the A350 case, expected later this year.

Bloomberg News reported earlier that Airbus planned to delay a planned increase in A350 production because of the combined impact of the Ukraine war and the Qatar dispute.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 63,283.96 0.67%
ethereum
Ethereum (ETH) $ 2,642.88 2.41%
tether
Tether (USDT) $ 0.999217 0.15%
bnb
BNB (BNB) $ 592.80 1.77%
solana
Solana (SOL) $ 142.75 1.52%
usd-coin
USDC (USDC) $ 0.999474 0.11%
xrp
XRP (XRP) $ 0.585704 1.01%
staked-ether
Lido Staked Ether (STETH) $ 2,641.68 2.39%
dogecoin
Dogecoin (DOGE) $ 0.106311 0.33%
the-open-network
Toncoin (TON) $ 5.64 1.53%
tron
TRON (TRX) $ 0.152353 0.58%
cardano
Cardano (ADA) $ 0.353998 0.24%
avalanche-2
Avalanche (AVAX) $ 27.44 1.60%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,118.09 2.39%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,204.93 0.69%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 0.71%
weth
WETH (WETH) $ 2,644.00 2.38%
chainlink
Chainlink (LINK) $ 11.42 1.77%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.45 0.02%
polkadot
Polkadot (DOT) $ 4.36 0.04%
near
NEAR Protocol (NEAR) $ 4.84 8.84%
leo-token
LEO Token (LEO) $ 5.79 1.14%
dai
Dai (DAI) $ 0.999378 0.11%
uniswap
Uniswap (UNI) $ 6.71 0.67%
litecoin
Litecoin (LTC) $ 66.96 0.78%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,769.37 2.39%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.66 4.87%
kaspa
Kaspa (KAS) $ 0.165072 1.04%
sui
Sui (SUI) $ 1.52 1.23%
internet-computer
Internet Computer (ICP) $ 8.37 1.56%
aptos
Aptos (APT) $ 7.82 2.46%
bittensor
Bittensor (TAO) $ 528.77 16.18%
pepe
Pepe (PEPE) $ 0.000008 0.69%
monero
Monero (XMR) $ 174.28 1.12%
first-digital-usd
First Digital USD (FDUSD) $ 0.998922 0.26%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.402556 0.42%
immutable-x
Immutable (IMX) $ 1.81 11.66%
stellar
Stellar (XLM) $ 0.096014 0.59%
ethereum-classic
Ethereum Classic (ETC) $ 19.02 0.50%
blockstack
Stacks (STX) $ 1.81 6.66%
aave
Aave (AAVE) $ 172.42 8.77%
ethena-usde
Ethena USDe (USDE) $ 0.998295 0.10%
okb
OKB (OKB) $ 40.23 1.26%
render-token
Render (RENDER) $ 6.01 8.67%
crypto-com-chain
Cronos (CRO) $ 0.086209 3.55%
filecoin
Filecoin (FIL) $ 3.71 0.17%
arbitrum
Arbitrum (ARB) $ 0.59984 0.22%
injective-protocol
Injective (INJ) $ 22.08 4.31%
hedera-hashgraph
Hedera (HBAR) $ 0.055857 4.19%
mantle
Mantle (MNT) $ 0.629441 0.66%